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dave25981155
Jul 27, 2016 9:34 PM

AUDUSD long Long

Australian Dollar/U.S. DollarFXCM

Description

Going long at the break of yesterdays high at 0.7570 targeting 2R

Order cancelled

Comment

There is a lesson to be learned here for me and that is: Stick to my rules and be patient. The trade setup was not invalidated, so there was no reason to cancel the order. The trade setup would have been invalidated if price had fallen below the wick of the candle of Wednesday. I cancelled the order because I saw Thursdays candle as a bearish signal. I will not chase this trade, but I will see if there will be another entry at a pull back. I hope anyone following got in.
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